Ag Risk Tools
Average Crop Revenue Election, or ACRE, is a new commodity program included in the Food, Conservation, and Energy Act of 2008. CARD researchers offer information and policy analysis about the ACRE program, and links to available ACRE calculators.
On a pilot basis CARD is posting daily basis maps for corn and soybeans. The purpose of this pilot project is to determine if farmer decisions about where to deliver corn and soybeans can be enhanced. We present maps showing both old crop basis and new crop basis. Old crop basis equals the current local cash price minus the nearby futures price on the Chicago Board of Trade. New crop basis equals the local forward price for future delivery less the new crop futures price on the Chicago Board of Trade. Local price data are obtained from DTN. We then employ a spatial smoothing algorithm to develop the maps.
CARD has removed its Loan Deficiency Payment (LDP) Web site because of the persistence of higher crop prices, forcing LDP rates to zero, and because of the existence of USDA Web sites that carry the same type of information. Please see the USDA-Farm Service Agency price support page for current LDP information.